UK watchdog orders Ryanair to cut Aer Lingus stake

11th June, 2015

The UK's Competition and Markets Authority (CMA) has confirmed it will require Ryanair to cuts its stake in Aer Lingus to five per cent from 29.8 per cent.

"The CMA has decided that there is no material change in circumstances or special reason for it not to require Ryanair to reduce its shareholding in Aer Lingus to five per cent," the authority said in a statement.

The CMA, which made a provisional decision on the matter...

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